Vision Fund, the investment subdivision of Japanese Corporation SoftBank, last month sold $3.6 billion shares of Nvidia, a manufacturer of popular among the miners of graphics cards. It is reported by CNBC.
“In January 2019 Vision Fund got rid of all his available stock of Nvidia”, — is noted in the consolidated financial report of the company.
The decision to sell Nvidia stock was taken after a substantial reduction in their course. The market value of securities of the company fell by about half during the last quarter of last year.
According to experts, the decrease in market capitalization is largely due to a sharp decline in the popularity of cryptocurrency mining.
ForkLog previously reported that Nvidia would intentionally understate the financial performance in the mining sector.
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